2244 Greenwood StreetSavannahGA31404
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Savannah at 2244 Greenwood Street, Savannah, GA, 31404 priced at $335,000 converts $2,302/mo rent into $263/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,302/mo, and annual cash flow totals $3,153/yr on $111,053 invested. Return on cash invested prints 22.75% in year one, and rental yield reads 8.25% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 117.94% and total cumulative return in cash sums $130,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,302/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1943
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31404, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,242 (100%) |
| Owner Occupied HU | 6,061 (42.6%) |
| Renter Occupied HU | 6,816 (47.9%) |
| Vacant Housing Units | 1,365 ( 9.6%) |
| Median Home Value | $242,048 |
| Average Home Value | $317,441 |
Housing Distribution
Address Breakdown
Residential
13,480
Single Family
12,453
Multi-Family
1,027
Businesses
777
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